Is Lantana, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lantana is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lantana was a Seller's Market.

Key Takeaway

Lantana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lantana, FL

How much do homes in Lantana, FL cost?

Median Sold Price

$386,000

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,000(+10.3%)

Key Takeaway

Homes in Lantana have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Lantana was $386,000 in May 2024, up 10.3% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $166.5K$176.5K
+6.0%
2 $319K$290K
-9.1%
3 $396.9K$425K
+7.1%
4 $429.3K$520K
+21.1%
5+ $6.7M$11.5M
+70.7%

Summary: Lantana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 70.7%.

Median Sold Price Compared To Nearby Cities

South Palm Beach
+11.9%
Lantana
+10.3%
Lake Worth
+5.8%
Hypoluxo
-4.5%

Housing Supply in Lantana, FL

How many homes are available in Lantana, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
150149-0.7%

Summary: The Lantana real estate market had 149 homes for sale in May 2024, a 0.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2827
-3.6%
2 4651
+10.9%
3 4642
-8.7%
4 1012
+20.0%
5+ 2017
-15.0%

Summary: The Lantana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 15%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lantana, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Lantana in May 2024, down by 18.2% month-over-month. Of the 18 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for Lantana, FL

How long does it take to sell a home in Lantana, FL?

Average Sale Time

May 2023May 2024CHANGE
26 Days75 Days+185.2%

Summary: Homes in Lantana had an average of 75 days on market in May 2024, up by 185.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lantana are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 18 homes were sold in Lantana; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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